Thursday, June 22, 2006

CEOs earn 262 times pay of average worker

NEW YORK (Reuters) - Chief executive officers in the United States earned 262 times the pay of an average worker in 2005, the second-highest level in the 40 years for which there is data, a nonprofit think-tank said on Wednesday.

In fact, a CEO earned more in one workday than an average worker earned in 52 weeks, said the Economic Policy Institute in Washington, D.C.

The typical worker's compensation averaged just under $42,000 for the year, while the average CEO brought home almost $11 million, EPI said.

"Excuse me, Mr. President? What is your opinion regarding the continued separation of classes in the U.S.?"

"I tell people, let's don't fear the future, let's shape it." —George W. Bush, Omaha, Neb., June 7, 2006

"Uhhhh...I'm sorry Mr. President, but I really don't follow?"

"I think — tide turning — see, as I remember — I was raised in the desert, but tides kind of — it's easy to see a tide turn — did I say those words?" —George W. Bush, asked if the tide was turning in Iraq, Washington, D.C., June 14, 2006

"Thanks for your time, Mr. President..."

1 comment:

Jackass said...

i'm surprised it's not higher.. more evidence that supply-side economics is a fraud